[Ferro-Alloys.com] South32 Limited (ASX, LSE, JSE: S32) (South32) advises that it has entered into a binding agreement to acquire the Metropolitan Colliery and associated 16.67% interest in the Port Kembla Coal Termina

South32 Chief Executive Officer Graham Kerr said: “The Metropolitan Colliery is a natural fit within our portfolio and the acquisition is consistent with our strategy to invest in high quality mining operations where we can create value. The mine’s recently upgraded infrastructure and close proximity to Illawarra Metallurgical Coal will enable us to further optimise performance and unlock unique blending and resource synergies.”

“We look forward to the Metropolitan team joining South32.” Mr Kerr said.

• [Editor:Chen Zhen Seng]